DFX Intelligence
RIA Intelligence
Registered investment advisers, the advisors registered through them, the capital they report, the private vehicles they run and the people who own them, as a graph with a filing date behind every number. RAUM is what the adviser filed, a move is two registration dates, and a class is a rule you can read.
The names on this page are hidden. Create a free account and they fill in. No card, and every figure, date and source on this page is public either way.
SEC-registered adviser
U••••••••• W••••• M••••••••• L••
Latest filing Feb 19, 2026
First filing on the tape Dec 22, 2011 · 56 filings
SEC status approved since Apr 24, 2013
RAUM
$483M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
100%
$483M individuals and HNW
Advisors
13
registered through the firm on IAPD
RAUM per advisor
$37.2M
derived; firm RAUM over IAPD count
Employees
15
12 advisory (5.B.1)
Offices
11
beyond the principal office
Private funds
0
reported on Schedule D
History
56 filings and snapshots on the tape
RAUM$483M as of Feb 19, 2026
Mar 17, 2014$110M then
HNW client RAUM$147M as of Feb 19, 2026
Feb 21, 2018$31.4M then
State-registered IARs (5.B.3)12 as of Feb 19, 2026
Mar 17, 201414 then
Employees (5.A)15 as of Feb 19, 2026
Mar 17, 201415 then
Private funds: no history
RAUM -1.0% over the last fiscal year+10% a year over threeIARs 16 to 12
Practice profile
derived from the filing of Feb 19, 2026; every figure names its basis
Archetypes, each a printed rule
- Mass-affluent RIA · private-client share at least 50 percent, non-HNW individuals at least 60 percent of private-client RAUM
- RAUM per advisor
- $37.2MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 146derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $1.8MderivedHNW RAUM over HNW clients
- Average account
- $225,336derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 1.2derivedItem 5.A over advisors
- Advisors per office
- 1.1derived12 offices incl. principal (1.F.5)
- RAUM growth, one year
- -1.0%derivedbetween the last two annual amendments
- Advisor growth, one year
- -25%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- +19%derived
- Compensation
- percentage of assets, hourly, fixed feesreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, portfolio management for businesses and institutionsreportedItem 5.G
- Wrap fee program
- participatesreportedItem 5.I
- Ownership
- no PE, bank or public-company owner found on Schedule Aderived
- Advisor book size
- not public; not estimatedreported
Also answered yes on Form ADV
- buys or sells securities as principal to or from clients (8.A.2)
- has discretionary authority over which securities are bought or sold (8.C.1)
- receives research or other products from a broker-dealer, soft dollars (8.E)
- compensates persons for client referrals (8.G.1)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- Individuals$337M70%
- High-net-worth individuals$147M30%
- Individual clients
- 1,818reported
- HNW clients
- 83reported
- Pension plan clients
- 0reported
- Charitable clients
- 0reported
- Accounts
- 2,145reported
- Financial planning clients
- 1-10reported
- Wrap fee programs
- $0 sponsored, $0 managedreported
- Custody of client assets
- noreported
- Compensation
- % of AUM, fixed, hourlyreported
- Class basis
- private_client_share=1.0 fund_share=0.0 institutional_share=0.0 related_bd=false related_bank=false bd_reps=12.0derived
Advisors registered through the firm
13 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| W••••• J•••• B••••••••• | Washington, Dc | Jun 19, 2012 | 21 y | 1 |
| W• J•••••• L••• | Eden Prairie, Mn | Jan 30, 2014 | 26 y | 0 |
| R•••• A••••• S••••• | Edina, Mn | Jan 31, 2014 | 16 y | 0 |
| C•••• T••••• B•••••••• | Eden Prairie, Mn | Jan 31, 2014 | 40 y | 0 |
| J•••• R•••••• M•••••Chartered Financial Consultant | Kirksville, Mo | Nov 21, 2014 | 39 y | 3 |
| M••••• D••••• H•••••••• | Oakton, Va | Oct 8, 2015 | 18 y | 2 |
| A••••• E••••• B••••• | Eden Prairie, Mn | Apr 10, 2018 | 17 y | 1 |
| S•••• P•••••• C••• | Winfield, Il | Feb 15, 2019 | 12 y | 3 |
| N•••• J• M••••••••Certified Financial Planner | Inver Grove Heights, Mn | Oct 14, 2019 | 12 y | 1 |
| T•••••• L• J•••••• | Glenwood, Mn | Jan 16, 2020 | 21 y | 3 |
| D••••• J••• R••• | Inver Grove Heights, Mn | Dec 1, 2020 | 22 y | 0 |
| S•••••• A••• F••• | Eden Prairie, Mn | Jul 2, 2025 | 11 y | 3 |
| R••• L••••• | Eden Prairie, Mn | Oct 8, 2025 | 11 y | 0 |
Advisor movement
1 left, 0 joined in 12 months
net -1 in 12 months0 left in 90 days0 joined in 90 daysdeparture rate 7.7% of current headcount8 left over 36 months
Left, latest
- J••••• C••••• C••••••••• to O•••• W•••••• I•••Sep 24, 2025 · RIA to affiliated broker-dealer or bank
- T••• N••• to A•••• V•••• W••••• M••••••••• L••Apr 15, 2025 · RIA to a state-registered adviser
- J•••••••• J• B••••• to A•••• V•••• W••••• M••••••••• L••Apr 15, 2025 · RIA to a state-registered adviser
- M•••••• L• B••••• to A•••• V•••• W••••• M••••••••• L••Apr 15, 2025 · RIA to a state-registered adviser
- A•••••••• S••• to A•••• V•••• W••••• M••••••••• L••Jan 31, 2025 · RIA to a state-registered adviser
- W•••••• L• C••••••••• to V•• C•••••• W••••• M••••••••• L••Jan 31, 2025 · RIA to RIA
- C•••••••• M••••••••• to O•••• W•••••• I•••Sep 13, 2024 · RIA to affiliated broker-dealer or bank
- T•••••• C•••••• S••••• to S••••••••• A•••••• A•••••••• I•••Aug 29, 2024 · RIA to affiliated broker-dealer or bank
- L•••• D••• Q•••• to L•• F•••••••• L••Dec 21, 2022 · RIA to RIA
- M•••••• C••••• F•••• to C••••• I••••••••• A••••••• L••Nov 29, 2022 · RIA to affiliated broker-dealer or bank
- D•••• M•••••• L•••••• to S••••••••• A•••••• A•••••••• I•••Apr 4, 2022 · RIA to affiliated broker-dealer or bank
- R•••••• S•••• H••• to L•• F•••••••• L••Dec 7, 2021 · RIA to affiliated broker-dealer or bank
- J•••••• L••• G•••••• to A••• A•••••••• I•••Jun 23, 2021 · Other
- R••• A•••••• D••••• to E•••••••• A•••••••• L••Mar 30, 2021 · RIA to affiliated broker-dealer or bank
- S••••• M•••••• E•••••••• to L•• F•••••••• L••Jan 29, 2021 · RIA to affiliated broker-dealer or bank
Joined, latest
- S•••••• A••• F••• from C••••• I••••••••• A••••••• L••Jul 2, 2025 · Affiliated broker-dealer or bank to independent RIA
- T••• N••• from T••••• A••••••• S•••••••• I•••Oct 9, 2024 · Affiliated broker-dealer or bank to independent RIA
- C•••••••• M••••••••• from M••••• S••••••Aug 8, 2024 · Wirehouse to independent RIA
- J•••••••• J• B••••• from T••••• A••••••• S•••••••• I•••May 2, 2022 · Affiliated broker-dealer or bank to independent RIA
- T•••••• L• J•••••• from C••••• I••••••••• A••••••• L••Jan 16, 2020 · Affiliated broker-dealer or bank to independent RIA
- N•••• J• M•••••••• from P••••••• W••••• M•••••••••Oct 14, 2019 · RIA to RIA
- T•••••• C•••••• S••••• from B•••••• F••••• • C•••••• F•••••••• S•••••••• I•••May 31, 2019 · Other
- M•••••• C••••• F•••• from F•••••••• A••••••• S•••••••• L••Mar 19, 2019 · Affiliated broker-dealer or bank to independent RIA
- J•••••• L••• G•••••• from C••••• A•••••• N••••••• L••Feb 21, 2019 · Affiliated broker-dealer or bank to independent RIA
- S•••• P•••••• C••• from Q•••••• A•••• M••••••••• I•••Feb 15, 2019 · Affiliated broker-dealer or bank to independent RIA
- W•••••• L• C••••••••• from E•••• S••••••••• L••Jan 31, 2019 · Affiliated broker-dealer or bank to independent RIA
- A••••• E••••• B••••• from E••••• J••••Apr 10, 2018 · Affiliated broker-dealer or bank to independent RIA
- J••••• C••••• C••••••••• from S••••••••• A•••••• A•••••••• I•••Oct 21, 2016 · Other
- S••••• M•••••• E•••••••• from S••••••••• A•••••• A•••••••• I•••Sep 20, 2016 · Other
- T•••••• A•••• from S••••••••• A•••••• A•••••••• I•••Apr 7, 2016 · Other
Teams: two or more advisors moving together within fourteen days, from one state
- 3 left for A•••• V•••• W••••• M••••••••• L••Apr 15, 2025 · Rockville, Md
- 2 left for S•••••••• B••••••••• L••Oct 9, 2020 · Holdrege, Ne
- 2 left for S••••••••• A•••••• A•••••••• I•••Mar 21, 2017 · Knoxville, Tn
- 2 joined from C••••••••• W••••• M••••••••• C••••Jul 15, 2015 · San J•••, Pr
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- B•••••• A•••••• E••••• · Chief Compliance Officer And Chief Operating Officercontrolsince 01/2016 · owns less than 5%
- L•••• W• J•••••• · Managing Membercontrolsince 01/2022 · owns less than 5%
- L•••• W• J•••••• · Trusteecontrolsince 07/2010 · owns F of N••••• D• B•••••••• R•••••••• L••••• T••••
Entity owners
- N••••• D• B•••••••• R•••••••• L••••• T•••• · Memberdirect · owns 75% or more
Related persons
Schedule D 7.A
- U••••••••• N•••••• I•••••••• A•••••• L••real estaten
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Eden Prairie, Mn · principal | 6 | 1 | 0 | ||
| Washington, Dc | 2 | 0 | 0 | ||
| Inver Grove Heights, Mn | 2 | 0 | 0 | ||
| Winfield, Il | 2 | 1 | 0 | ||
| Alexandria, Va | 1 | 0 | 0 | ||
| Rockville, Md | 0 | 0 | 0 | ||
| Poolesville, Md | 0 | 0 | 0 | ||
| Knoxville, Ia | 0 | 0 | 1 |
Offices
Schedule D 1.F, the 25 largest
- Rockville, MD2 employees
- Inver Grove Heights, MN2 employees
- Duluth, MN1 employees
- Glenwood, MN1 employees
- Kirksville, MO1 employees
- Knoxville, IA1 employees
- Oakton, VA1 employees
- Alexandria, VA1 employees
- , 1 employees
- Alexandria, VA1 employees
ADV anomalies
1 against comparable advisers; where to look, not conclusions
- a••••••s down RAUM stableCombination · filing Feb 19, 2026the advisor count fell 25 percent or more while RAUM stayed within 5 percent: people left without assets leaving (assets retained, or advisors were support staff). RAUM $488,134,595 to $483,345,924, advisors 16 to 12, private clients 1596 to 1901, offices 11 to 11 (2025-02-07 to 2026-02-19)peers: independent wealth managers, $100M to $500M (5,676)
What changed
consecutive filings, newest first
- Accounts · 2,380 to 2,145Jan 27, 2026 to Feb 19, 2026
- Advisory employees · 14 to 12Jan 27, 2026 to Feb 19, 2026
- BD registered reps · 16 to 12Jan 27, 2026 to Feb 19, 2026
- HNW clients · 92 to 83Jan 27, 2026 to Feb 19, 2026
- Individual clients · 1,504 to 1,818Jan 27, 2026 to Feb 19, 2026
- Employees · 16 to 15Jan 27, 2026 to Feb 19, 2026
- Financial planning clients · 11-25 to 1-10Jan 27, 2026 to Feb 19, 2026
- State-registered IARs · 16 to 12Jan 27, 2026 to Feb 19, 2026
- Discretionary RAUM · $488M to $483MJan 27, 2026 to Feb 19, 2026
- HNW RAUM · $157M to $147MJan 27, 2026 to Feb 19, 2026
- Individual RAUM · $332M to $337MJan 27, 2026 to Feb 19, 2026
- RAUM · $488M to $483MJan 27, 2026 to Feb 19, 2026
- Financial planning clients · 11-25 to 11-25Feb 7, 2025 to Jul 1, 2025
- Accounts · 2,138 to 2,380Jun 25, 2024 to Feb 7, 2025
- Advisory employees · 16 to 14Jun 25, 2024 to Feb 7, 2025
- BD registered reps · 18 to 16Jun 25, 2024 to Feb 7, 2025
- HNW clients · 63 to 92Jun 25, 2024 to Feb 7, 2025
- Individual clients · 1,517 to 1,504Jun 25, 2024 to Feb 7, 2025
- Assets in custody · 0.0 to unsetJun 25, 2024 to Feb 7, 2025
- Employees · 18 to 16Jun 25, 2024 to Feb 7, 2025
- Financial planning clients · 26-50 to 11-25Jun 25, 2024 to Feb 7, 2025
- State-registered IARs · 18 to 16Jun 25, 2024 to Feb 7, 2025
- Discretionary RAUM · $425M to $488MJun 25, 2024 to Feb 7, 2025
- HNW RAUM · $110M to $157MJun 25, 2024 to Feb 7, 2025
- Individual RAUM · $314M to $332MJun 25, 2024 to Feb 7, 2025
- RAUM · $425M to $488MJun 25, 2024 to Feb 7, 2025
- Wrap assets (manager) · $68,695 to $0Jun 25, 2024 to Feb 7, 2025
- Accounts · 2,132 to 2,138Sep 29, 2023 to Feb 8, 2024
- Advisory employees · 17 to 16Sep 29, 2023 to Feb 8, 2024
- BD registered reps · 19 to 18Sep 29, 2023 to Feb 8, 2024
- HNW clients · 76 to 63Sep 29, 2023 to Feb 8, 2024
- Individual clients · 1,018 to 1,517Sep 29, 2023 to Feb 8, 2024
- Employees · 19 to 18Sep 29, 2023 to Feb 8, 2024
- State-registered IARs · 19 to 18Sep 29, 2023 to Feb 8, 2024
- Discretionary RAUM · $361M to $425MSep 29, 2023 to Feb 8, 2024
- HNW RAUM · $137M to $110MSep 29, 2023 to Feb 8, 2024
- Individual RAUM · $224M to $314MSep 29, 2023 to Feb 8, 2024
- RAUM · $361M to $425MSep 29, 2023 to Feb 8, 2024
- Wrap assets (manager) · $730,201 to $68,695Sep 29, 2023 to Feb 8, 2024
- Accounts · 2,292 to 2,132Jun 24, 2022 to Feb 10, 2023
Signals
17 dated events
- J••••• C••••• C••••••••• left U••••••••• W••••• M••••••••• L•• for O•••• W•••••• I••• (registered 2025-01-07)Sep 24, 2025 · a•••••• firm change · fact
- J•••••••• J• B••••• left U••••••••• W••••• M••••••••• L•• for A•••• V•••• W••••• M••••••••• L•• (registered 2025-04-08)Apr 15, 2025 · a•••••• firm change · fact
- M•••••• L• B••••• left U••••••••• W••••• M••••••••• L•• for A•••• V•••• W••••• M••••••••• L•• (registered 2025-04-08)Apr 15, 2025 · a•••••• firm change · fact
- T••• N••• left U••••••••• W••••• M••••••••• L•• for A•••• V•••• W••••• M••••••••• L•• (registered 2025-07-18)Apr 15, 2025 · a•••••• firm change · fact
- 3 advisors left U••••••••• W••••• M••••••••• L•• (Rockville, MD) for A•••• V•••• W••••• M••••••••• L•• on the same dayApr 15, 2025 · Team lift-out · derived
- W•••••• L• C••••••••• left U••••••••• W••••• M••••••••• L•• for V•• C•••••• W••••• M••••••••• L•• (registered 2024-04-19)Jan 31, 2025 · a•••••• firm change · fact
- C•••••••• M••••••••• left U••••••••• W••••• M••••••••• L•• for O•••• W•••••• I••• (registered 2024-09-23)Sep 13, 2024 · a•••••• firm change · fact
- T•••••• C•••••• S••••• left U••••••••• W••••• M••••••••• L•• for S••••••••• A•••••• A•••••••• I••• (registered 2021-12-07)Aug 29, 2024 · a•••••• firm change · fact
- L•••• D••• Q•••• left U••••••••• W••••• M••••••••• L•• for L•• F•••••••• L•• (registered 2022-12-01)Dec 21, 2022 · a•••••• firm change · fact
- M•••••• C••••• F•••• left U••••••••• W••••• M••••••••• L•• for C••••• I••••••••• A••••••• L•• (registered 2022-01-31)Nov 29, 2022 · a•••••• firm change · fact
- D•••• M•••••• L•••••• left U••••••••• W••••• M••••••••• L•• for S••••••••• A•••••• A•••••••• I••• (registered 2022-01-25)Apr 4, 2022 · a•••••• firm change · fact
- U••••••••• W••••• M••••••••• L•• reported 14 offices beyond its principal office, down from 19 (2021-09-20 to 2022-01-31)Jan 31, 2022 · Office count change · derived
- Daniel Nathan Bergeland (Managing Member) no longer on Schedule A of U••••••••• W••••• M••••••••• L•• (listed 2021-09-20, absent 2022-01-31)Jan 31, 2022 · Control person left · inference
- U••••••••• W••••• M••••••••• L•• reported RAUM $352.8M, up 99% from $177.2M (2019-12-19 to 2020-03-24)Mar 24, 2020 · RAUM change · derived
- Jillian Wendy Link (Trustee) appeared on Schedule A of U••••••••• W••••• M••••••••• L••Mar 24, 2020 · Control person joined · fact
- Carl Philip Simensen (President) no longer on Schedule A of U••••••••• W••••• M••••••••• L•• (listed 2019-12-19, absent 2020-03-24)Mar 24, 2020 · Control person left · inference
- U••••••••• W••••• M••••••••• L•• filed its initial SEC registration (Form ADV)Apr 10, 2013 · First SEC registration · fact
Across DFX
shared identifiers only, never a name match
No identifier-backed link to the venture, private equity, family office or sponsor graphs.
How to reach
public business contact points only, each with its source
- Website
- H•••••••••reportedpublic record, Form ADV, Sep 18, 2026
- Principal office phone
- 952-829-0000reportedpublic record, Form ADV, Feb 19, 2026
Provenance
- Form ADV
- SEC filing data 2011 to 2024 and the monthly roster 2025 onreportedadviserinfo.sec.gov
- Advisors
- IAPD individual compilation feed, dailyreportedadviserinfo.sec.gov
- Class
- Independent wealth managerderiveda rule over Items 5.D and 7.A
- RAUM per advisor
- $37.2Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026